Connable Office Inc. cut its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 14.8% during the fourth quarter, HoldingsChannel reports. The firm owned 12,883 shares of the investment management company’s stock after selling 2,246 shares during the period. Connable Office Inc.’s holdings in Goldman Sachs Group were worth $3,282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gs Investments Inc. purchased a new position in Goldman Sachs Group during the second quarter valued at approximately $111,000. Cerebellum GP LLC purchased a new position in Goldman Sachs Group during the fourth quarter valued at approximately $122,000. FNY Managed Accounts LLC grew its position in Goldman Sachs Group by 605.1% during the second quarter. FNY Managed Accounts LLC now owns 557 shares of the investment management company’s stock valued at $123,000 after purchasing an additional 478 shares in the last quarter. Westside Investment Management Inc. grew its position in Goldman Sachs Group by 450.0% during the third quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock valued at $134,000 after purchasing an additional 450 shares in the last quarter. Finally, Howe & Rusling Inc. purchased a new position in Goldman Sachs Group during the third quarter valued at approximately $142,000. 73.28% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director David A. Viniar sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.02, for a total transaction of $5,950,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Gregory K. Palm sold 4,620 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,104,133.80. The disclosure for this sale can be found here. Insiders sold 167,843 shares of company stock valued at $41,855,427 over the last 90 days. 2.57% of the stock is owned by corporate insiders.

A number of brokerages recently commented on GS. Vetr raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 price objective on the stock in a research report on Thursday. Buckingham Research reaffirmed a “neutral” rating and set a $250.00 price objective (up from $243.00) on shares of Goldman Sachs Group in a research report on Wednesday, October 18th. Barclays reaffirmed an “equal weight” rating and set a $289.00 price objective (down from $308.00) on shares of Goldman Sachs Group in a research report on Thursday, January 18th. Morgan Stanley boosted their price objective on shares of Goldman Sachs Group from $294.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $256.75.

Shares of Goldman Sachs Group Inc (GS) opened at $249.30 on Monday. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group Inc has a one year low of $209.62 and a one year high of $273.79. The firm has a market cap of $94,036.34, a price-to-earnings ratio of 12.59, a PEG ratio of 0.90 and a beta of 1.37.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The business had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same period in the previous year, the company earned $5.08 earnings per share. Goldman Sachs Group’s revenue for the quarter was down 4.2% on a year-over-year basis. research analysts anticipate that Goldman Sachs Group Inc will post 21.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is 34.84%.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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